ALGEMENE MEKANIEK MOERMAN: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
ALGEMENE MEKANIEK MOERMAN
Largest movements
- Tangible fixed assets +€54,800
up €54,800 (+31.4%), from €174,736 to €229,536
of which Plant, machinery and equipment: +€55,064
- Current investments -€50,000
down €50,000 (-100%), from €50,000 to €0
- Receivables within one year +€8,031
up €8,031 (+18.0%), from €44,554 to €52,585
of which Other amounts receivable: +€10,740
- Debts after one year +€14,738
up €14,738 (+20.4%), from €72,097 to €86,836
- Other debts -€13,212
down €13,212 (-27.7%), from €47,644 to €34,432
- Tax, wage and social debts -€12,037
down €12,037 (-77.5%), from €15,537 to €3,500
of which Taxes: -€12,037
- Current portion of long-term debt +€11,960
up €11,960 (+38.0%), from €31,456 to €43,416
- Reserves +€11,099
up €11,099 (+3.7%), from €297,868 to €308,967
of which Distributable reserves: +€13,349
- Gross operating margin -€16,915
down €16,915 (-14.8%), from €114,203 to €97,288
- Taxes -€8,872
down €8,872 (-71.2%), from €12,457 to €3,585
- Depreciation +€6,871
up €6,871 (+12.9%), from €53,308 to €60,179
- Financial charges +€2,970
up €2,970 (+27.4%), from €10,842 to €13,812
- Staff costs -€1,198
down €1,198 (-100%), from €1,198 to €0
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €545,126 | €560,245 | +€15,120 | +2.8% |
| Fixed assets | 21/28 | €174,736 | €229,536 | +€54,800 | +31.4% |
| Tangible fixed assets | 22/27 | €174,736 | €229,536 | +€54,800 | +31.4% |
| Plant, machinery and equipment | 23 | €120,832 | €175,896 | +€55,064 | +45.6% |
| Furniture and vehicles | 24 | €53,904 | €53,640 | -€264 | -0.5% |
| Current assets | 29/58 | €370,389 | €330,709 | -€39,680 | -10.7% |
| Stocks and contracts in progress | 3 | €12,144 | €12,302 | +€158 | +1.3% |
| Stocks | 30/36 | €12,144 | €12,302 | +€158 | +1.3% |
| Amounts receivable within one year | 40/41 | €44,554 | €52,585 | +€8,031 | +18.0% |
| Trade receivables | 40 | €41,269 | €38,560 | -€2,709 | -6.6% |
| Other amounts receivable | 41 | €3,285 | €14,025 | +€10,740 | +327% |
| Current investments | 50/53 | €50,000 | €0 | -€50,000 | -100% |
| Cash at bank and in hand | 54/58 | €261,193 | €263,126 | +€1,933 | +0.7% |
| Deferred charges and accrued income | 490/1 | €2,499 | €2,696 | +€198 | +7.9% |
| Total equity and liabilities | 10/49 | €545,126 | €560,245 | +€15,120 | +2.8% |
| Equity | 10/15 | €359,868 | €370,967 | +€11,099 | +3.1% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €297,868 | €308,967 | +€11,099 | +3.7% |
| Tax-exempt reserves | 132 | €8,889 | €6,639 | -€2,250 | -25.3% |
| Distributable reserves | 133 | €288,979 | €302,328 | +€13,349 | +4.6% |
| Provisions and deferred taxes | 16 | €2,963 | €2,213 | -€750 | -25.3% |
| Deferred taxes | 168 | €2,963 | €2,213 | -€750 | -25.3% |
| Amounts payable | 17/49 | €182,295 | €187,065 | +€4,771 | +2.6% |
| Amounts payable after more than one year | 17 | €72,097 | €86,836 | +€14,738 | +20.4% |
| Financial debts | 170/4 | €72,097 | €86,836 | +€14,738 | +20.4% |
| Amounts payable within one year | 42/48 | €108,513 | €98,800 | -€9,713 | -9.0% |
| Current portion of amounts payable after more than one year | 42 | €31,456 | €43,416 | +€11,960 | +38.0% |
| Trade debts | 44 | €13,877 | €17,453 | +€3,576 | +25.8% |
| Suppliers | 440/4 | €13,877 | €17,453 | +€3,576 | +25.8% |
| Taxes, remuneration and social security | 45 | €15,537 | €3,500 | -€12,037 | -77.5% |
| Taxes | 450/3 | €12,537 | €500 | -€12,037 | -96.0% |
| Remuneration and social security | 454/9 | €3,000 | €3,000 | = | 0.0% |
| Other amounts payable | 47/48 | €47,644 | €34,432 | -€13,212 | -27.7% |
| Accrued charges and deferred income | 492/3 | €1,684 | €1,429 | -€255 | -15.1% |
| Non-recurring operating income | 76A | €20,944 | €0 | -€20,944 | -100% |
| Remuneration, social security and pensions | 62 | €1,198 | €0 | -€1,198 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €53,308 | €60,179 | +€6,871 | +12.9% |
| Other operating charges | 640/8 | €1,069 | €1,362 | +€293 | +27.4% |
| Non-recurring operating charges | 66A | €854 | €9,350 | +€8,496 | +995% |
| Gross operating margin | 9900 | €114,203 | €97,288 | -€16,915 | -14.8% |
| Operating profit (loss) | 9901 | €57,774 | €26,397 | -€31,377 | -54.3% |
| Financial income | 75/76B | €1,714 | €1,350 | -€365 | -21.3% |
| Recurring financial income | 75 | €1,714 | €1,350 | -€365 | -21.3% |
| Financial charges | 65/66B | €10,842 | €13,812 | +€2,970 | +27.4% |
| Recurring financial charges | 65 | €10,842 | €13,812 | +€2,970 | +27.4% |
| Profit (loss) for the period before taxes | 9903 | €48,647 | €13,934 | -€34,712 | -71.4% |
| Transfer from deferred taxes | 780 | €750 | €750 | = | 0.0% |
| Transfer to deferred taxes | 680 | €0 | - | = | |
| Income taxes | 67/77 | €12,457 | €3,585 | -€8,872 | -71.2% |
| Profit (loss) for the period | 9904 | €36,939 | €11,099 | -€25,840 | -70.0% |
| Transfer from tax-exempt reserves | 789 | €2,250 | €2,250 | = | 0.0% |
| Transfer to tax-exempt reserves | 689 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €39,189 | €13,349 | -€25,840 | -65.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.